Cryptocurrency: Emerging Asset Class

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Crypto

The Motley Fool

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Here's how billionaire investor Jeff Yass is investing in crypto

Summary

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69% Informative

Billionaire investor Jeff Yass of hedge fund Susquehanna International Group (SIG) is investing in crypto.

SIG has been steadily building a position in Coinbase Global (NASDAQ: COIN) During the past year , the fund has increased its stake in the exchange 17-fold .

SIG 's position in MicroStrategy has increased from about 2.2 million shares to 3.8 million shares.

MicroStrategy 's choice to hold Bitcoin on the balance sheet makes a lot of sense, as the company stands to benefit from gains in its position.

The price of Bitcoin is quite volatile -- certainly more so than many stocks or short-term investment vehicles such as bonds or money market instruments.

The company's financial flexibility may be seen as riskier compared to other companies that primarily hold more liquid assets.

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